Sothebys (BID)

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3-6-14

Sotheby's Announces Repurchases Under Accelerated Stock Buyback Program

GlobeNewswire
Sotheby's
March 6, 2014 5:30 PM


NEW YORK, March 6, 2014 (GLOBE NEWSWIRE) -- Sotheby's (BID) announced today that it repurchased shares pursuant to an Accelerated Stock Buyback (ASB) agreement for an aggregate purchase price of $25.0 million. Under the ASB agreement, Sotheby's will receive an initial delivery of approximately 426,200 shares. The repurchase is part of the Company's previously announced $150.0 million share repurchase authorization. Under the ASB agreement, the Company may receive additional shares of its common stock, or may need to make additional payments in respect of the shares it received, based on the average of the daily volume-weighted average price of the shares during the term of the agreement.


Special Dividend: Paid 3-17-14

http://www.dividendinvestor.com/historical.php?no=32816